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Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Significant Accounting Policies [Abstract] |
Schedule of Digital Currency | The following table presents the Company’s digital currency (bitcoin) activities for the years ended December 31, 2023 and 2022:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Opening number of bitcoin held |  |  | 0.00 |  |  |  | 0.92 |
Number of bitcoin received |  |  | 741.33 |  |  |  | 1,342.59 |
Number of bitcoin sold |  |  | (741.33 | ) |  |  | (1,343.51 | )
Closing number of bitcoin held |  |  | 0.00 |  |  |  | 0.00 |
Schedule of Fair Value Measurement | In those instances, the fair value measurement is required to be classified using the lowest level of input that is significant to the fair value measurement. Such determination requires significant management judgment.
|  | Fair value measured of December 31, 2023 |
|  | Total |  |  | Total Level 1 |  |  | Total Level 2 |  |  | Total Level 3 |
Derivative asset |  | $ | 4,058,088 |  |  |  | - |  |  |  | - |  |  |  | 4,058,088 |
|  | Fair value measured at December, 2022 |
|  | Total |  |  | Total Level 1 |  |  | Total Level 2 |  |  | Total Level 3 |
Derivative asset |  | $ | 11,299,971 |  |  |  | - |  |  |  | - |  |  |  | 11,299,971 |
Marketable securities |  | $ | 3,243,957 |  |  |  | 3,243,957 |  |  |  | - |  |  |  | - |
Schedule of Estimated Useful Lives | Depreciation is calculated over the following estimated useful lives:
Asset class |  | Useful life |  | Depreciation Method
Fixtures |  | 5 years |  | Straight-Line
Plant and equipment |  | 10 years |  | Straight-Line
Modular data center |  | 5 years |  | Declining
Motor vehicles |  | 5 years |  | Straight-Line
Computer equipment |  | 3 years |  | Straight-Line
Computational and Processing machinery (Miners) |  | 2 years |  | Straight-Line
Transformers |  | 15 years |  | Straight-Line
Leasehold improvements |  | Shorter of useful life or lease term |  | Straight-Line
Schedule of Accounts Receivable, Net | Accounts receivable, net consists of the following:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Trade receivables |  | $ | 12,304,830 |  |  | $ | 10,663,031 |
Goods and service tax refund |  |  | 557 |  |  |  | 45,045 |
Provisions |  |  | (200,000 | ) |  |  | (250,000 | )
|  | $ | 12,105,387 |  |  | $ | 10,458,076 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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- Definition Tabular disclosure of public utility physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation expense and method used, including composite depreciation, and accumulated depreciation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 980 -SubTopic 20 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481834/980-20-45-1 + Details
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